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Safe & Green Development (Safe & Green Development) Effective Interest Rate on Debt % : 33.38% (As of Mar. 2024)


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What is Safe & Green Development Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Safe & Green Development's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.26 Mil. Safe & Green Development's average total debt for the quarter that ended in Mar. 2024 was $6.78 Mil. Therefore, Safe & Green Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 33.38%.

Safe & Green Development Effective Interest Rate on Debt % Historical Data

The historical data trend for Safe & Green Development's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Safe & Green Development Effective Interest Rate on Debt % Chart

Safe & Green Development Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 4.70 17.25

Safe & Green Development Quarterly Data
Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.70 20.78 20.56 21.39 33.38

Competitive Comparison of Safe & Green Development's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Safe & Green Development's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Safe & Green Development's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Safe & Green Development's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Safe & Green Development's Effective Interest Rate on Debt % falls into.


Safe & Green Development Effective Interest Rate on Debt % Calculation

Safe & Green Development's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1.178/( (6.848+6.811)/ 2 )
=-1  *  -1.178/6.8295
=17.25 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 6.848
=6.848

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 6.811
=6.811

Safe & Green Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -2.264/( (6.811+6.756)/ 2 )
=-1  *  -2.264/6.7835
=33.38 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 6.811
=6.811

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 6.756
=6.756

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Safe & Green Development  (NAS:SGD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Safe & Green Development Effective Interest Rate on Debt % Related Terms

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Safe & Green Development (Safe & Green Development) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Safe & Green Development Corp (NAS:SGD) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
AEI ILAL TPHS XIN HCDI SRRE FHRT KANP HKSE:00016 HKSE:01109 HKSE:00688 TSE:1925 SHSE:600048 HKSE:01113 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979 ADX:ALDAR HKSE:00960
Traded in Other Exchanges
N/A
Address
990 Biscayne Blvd, Suite 501, Office 12, Miami, FL, USA, 33132
Website
https://www.sgdevco.com
Safe & Green Development Corp is a real estate development company that focuses on the development of sites using purpose built, prefabricated modules built from both wood & steel, sourced from one of Safe & Green Holdings factories.
Executives
Paul M. Galvin director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Christopher Melton director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Yaniv Blumenfeld director C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
J. Scott Magrane director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Jeffrey C. Tweedy director C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
David Roberto Villarreal director, officer: Chief Executive Officer 17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Safe & Green Holdings Corp. director 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
Peter G. Demaria director 990 BISCAYNE BLVD., #501, OFFICE 12, MIAMI FL 33132
Alyssa L. Richardson director 990 BISCAYNE BLVD., #501, OFFICE 12, MIAMI FL 33132
Nicolai Ayrton Brune officer: Chief Financial Officer 990 BISCAYNE BLVD., #501, OFFICE 12, MIAMI FL 33132